Financial inclusion – Sector.Africa

Mobile Cash Market Continues To Grow in Kenya, M-Pesa Nears 99 percent Market Share

July 13, 2020August 31, 2020 Sector.Africa AdministratorAirtel, B2B, Brand, Business, Communication, Financial inclusion, Government, Interest, Kenya, Lion, M-Pesa, Marketplace, Membership, Mobile, Mobile Money, UN

The Kenya n mobile cash market plays a basic role in the nation’s objective to financial inclusion. The market has actually been growing and still is according to the current Sector Data report from the Communications Authority of Kenya. Under the third quarter of the FY 2019/20(Jan-March 2020 ), the number of registered active mobile money memberships in Kenya stood at 29.1 million. An increase from 28.9 million registered in the duration ended December 2019. As usual, M-Pesa continues to lead the marketplace, currently holding a 98.8 percent market share,…

Africa Government Information Services

Sudan embraces digital payments to build a more inclusive economy

June 17, 2020August 31, 2020 Sector.Africa AdministratorBetter Than Cash Alliance, Cashless society, Companies, Corruption, Countries, E-government, Economic growth, Economy, ER, Federal republics, Finance, Financial inclusion, Geography of Africa, Government, International organizations, Least developed countries, Member states of the African Union, Member states of the United Nations, Poverty, Safe, Sudan, Sustainable Development Goals, Technology, Transit

As part of its vision to transform its economy, Sudan announced a new commitment to accelerate the transition from cash to digital payments. By joining the United Nations-based Better Than Cash Alliance, the government commits to increasing financial inclusion and transparency, taking steps to build an economy that benefits all citizens. Moving from cash to responsible digital payments is central to the government’s economic recovery and reform strategy. In particular, digital payments will be critical to the success of the recently announced Sudan Family Support Program, which will provide monthly…

Financial Services Fintech

Digital banking, key to realising financial inclusion targets

March 7, 2020March 11, 2020 Sector.Africa AdministratorBank, Banking, Digital banking, Digital technology, Economy, Finance, Financial inclusion, Financial markets, Financial services, Fintech, Kenya, M-Pesa, Money, NIgerian0 comment

As digital innovation positions as the future of payments, opportunities abound for organisations and financial institutions to solve some of the world’s biggest challenges and enhance large-scale productivity. Indeed, digital banking in Nigeria has evolved significantly to become an integral part of our daily activities, driving financial inclusion, e-commerce, utilities and effective daily solutions. For innovations around digital banking, these are being powered Fintech firms, and as traditional banks stand on the sidelines, Fintechs (most of which are strictly neobanks) began to swiftly launch investments and savings products that appealed to everyone.…

Information Services Technology

Osinbajo Urges Nigerians to Add Value Through Creativity, Innovation & Use of Technology

February 26, 2020February 26, 2020 Sector.Africa AdministratorAbuja, Advertising, Africa, Agriculture, Articles, Artificial Intelligence, Bank, Banking, Big Picture, Business, Communication, Companies, Computing, Culture, Deliv, Digital technology, Economy, Education, Entrepreneurship, Facebook, Financial inclusion, Levant, Leverage, Non-fiction literature, project, Robotics, Smartphone, Wealth0 comment

*Says university should not just be an incubator of ideas, but also provide solutions to the nation’s challenges *Adds university curricula must be versatile and dynamic to prepare students for the future to solve problems *Artificial Intelligence and Emerging Technologies will change the way we work and our economies “Abundance of natural resources, even talents mean little or nothing unless we use those resources, knowledge and talents innovatively, to create wealth and opportunities. In other words, we must add value. Let me put it differently, the difference between poverty and…

Financial Services Fintech Retail

Nigeria Fintech Eyowo Hopes to Ease Business Operations in Nigeria with its Retail/Business Workshop Series

February 25, 2020February 26, 2020 Sector.Africa AdministratorAfrica, Bank, Business, Economy, Financial inclusion, Financial services, Government, Lagos, Marketing strategy, Merchandising, Money, Nigeria, Organizations, Retail0 comment

Running a smooth and efficient business remains a major challenge in Nigeria. And despite best efforts from the government as well as private stakeholders, solutions which address core small scale business operations still remain few. Eyowo, a financial solutions platform, is looking to solve this challenge. Eyowo Integrated Payment Limited is a bank whose objective is to give everyone access to basic financial services. And you don’t even need an internet network to access its services as anyone who has a mobile phone can send, spend, receive, save and borrow…